XTV Acquired by Radium Ventures

WOODLAND HILLS, Calif. — The company that launched all-adult subscription TV service XTV Networks has been acquired by Radium Ventures, XBiz has learned.

With the acquisition, the Internet-based video-on-demand company will now be known as Interactive Television Networks Inc., canceling the XTV company name.

XTV, however, continues as a flagship network and will join other networks using the same set-top box, including mainstream channels Torque Sports, WebWorld TV and MusicVault TV, as well as ITVN Local News, ITVN File Share and ITVN Referral.

“We’re very excited with the new changes,” Radium Ventures CEO Charles Prast told XBiz. “Because of the strength of the technology and general explosion in Internet protocol television hardware, we think we’ve got a great product with unlimited potential growth.

“And, we are very excited that we are now a public company,” said Prast, who is a former Private Media Group CEO.

With the acquisition, Radium cancelled 750,000 of the outstanding shares of its common stock held by two of its principals and issued up to 22 million shares of its common stock to existing stockholders of ITVN. Interactive Brand Development, parent company of iBill, owns 25 percent of ITVN.

Radium Ventures formerly provided document editing services utilizing an Internet marketing plan and the proprietary software, Einscribe. It discontinued its editing operations earlier this year.

With ITVN’s video-on-demand technology, consumers connect a set-top box to an existing broadband router, plug in the set-top connector to a television set and subscribe to the VOD channels, which now number 70 .

A January article by PC Magazine said that ITVN's broadband-enabled TV set-top box is a "technology breakthrough" with image quality that is "indistinguishable from broadcast."

"Internet protocol television is a market changing technology that adds a new dimension of interactivity to television viewing," Prast said. "And ITVN is at the forefront of making this extraordinary technology a reality."

So far, Prast said that the company has sold “thousands” of the set-top box since its debut earlier this year. Prices start at $29.95 a month for basic content; set-top boxes cost $99.95.

Prast said that the company has decided to roll out the product in select brick-and-mortar electronics stores nationwide. Currently they have 70 stores signed up that are included in a reseller program that pays $30 per set-top box sale, with a 10 percent recurring revshare.

ITVN also offers a webmaster affiliate program that pays $35 per set-top box sale, with 10 percent recurring revshare.

In midday trading Wednesday, Radium Ventures shares had no change at $3.

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

XBIZ Miami's Host Hotel Sold Out, General Registration Now Open

Guest rooms at XBIZ Miami’s exclusive conference venue, Nautilus Sonesta Miami Beach hotel in South Beach, are now completely sold out.

Leana Lovings, Aria Banks Front Latest From Reality Kings

Leana Lovings and Aria Banks star in the latest release from Reality Kings, titled "Synchronized Scissoring."

Penthouse Names Lennon Elizabeth April's 'Pet of the Month'

Penthouse Magazine has named model Lennon Elizabeth as Pet of the Month for April.

Bella Spark, Kelly Collins Star in Finale of VMG Cross-Site Feature 'Bang and Burn'

Bella Spark and Kelly Collins star with Vixen Media Group exclusive Jason Luv in the final installment of the cross-site spy feature "Bang and Burn."

Jade Kimiko, Cecelia Taylor Headline 'Women Seeking Women 199'

Jade Kimiko and Cecelia Taylor topline “Women Seeking Women 199” from Girlfriends Films.

Kaela Luna Makes Her TransAngels Debut

Kaela Luna has made her TransAngles debut alongside Parker Savage and Harrison Feels in “Jackhammering Kaela.”

Adult Time Marks April Fool's Day With 5 Satirical Releases

Adult Time is marking April Fool’s Day with the release of satirical scenes from five of its series.

Adult Time Wraps Production on Bree Mills' Feature 'Escape From Camp Conversion'

Adult Time has wrapped production on its latest feature, the Bree Mills-helmed "Escape From Camp Conversion," from its Girlcore studio brand.

Daisy Fox Makes Her TeamSkeet Debut

Daisy Fox makes her TeamSkeet debut in the latest episode of the studio series "She's New," titled "A Foxy Little Newcomer," with Nicky Rebel.

Elizabeth Skylar Performs Her 1st B/B/G in Latest From New Sensations

Elizabeth Skylar has performed her first B/B/G in the latest scene from New Sensations, with Codey Steele and Milan Ponjevic.

Show More